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NCKU Wise Club to Mark New Pinnacle for Taiwan’s Petrochemical Industry - BusinessWire

TAINAN, Taiwan--(BUSINESS WIRE)--To build industry-academia collaboration and enhance the value of the petrochemical industry, National Cheng Kung University (NCKU) initiated the establishment of “The Wise Club – The Interaction Platform towards High-Value Petrochemical Industry.”

With the aim of integrating research resources of the industry, the government and academia, the newly formed club was officially inaugurated on May 11.

The opening ceremony gathered the industry’s most important participants from all over Taiwan as the club aspired to “gather experts everywhere to create the pinnacle of the petrochemical industry.” This has created a new record for Taiwan’s petrochemical industry, offering abundant raw materials and high-value products for the downstream chain of the petrochemical industry.

Held at the Bo-Lin Lecture Hall at the NCKU Department of Chemical Engineering, the club’s new plaque was officially unveiled by a group of distinguished guests, including NCKU President Hwung-Hweng Hwung, NCKU Department of Chemical Engineering Professor Chuh-Yung Chen, Tasco Chemical Corporation General Manager Ping-Ho Liu, Formosa Petrochemical Corporation Chairman Bao-Lang Chen, Dairen Chemical Corporation Chairman Hsien-Chang Chen, Chi Lin Optoelectronics Chairman Richard Guang-Fu Song, and representatives from other companies in a lively and exciting ceremony.

NCKU President Hwung welcomed the participation of industry players in the petrochemical sector while taking the opportunity to praise NCKU Department of Chemical Engineering Professor Chuh-Yung Chen for his contributions to the petrochemical world, saying that Professor Chen should be given awards for his achievements.

“The petrochemical industry is the mother of all industries in our country, but in the past few years, Taiwan’s petrochemical industry has been facing the pressure from its competitors from the Middle East, Mainland China and ASEAN countries,” explained President Hwung who was glad to see the cohesiveness shown by Taiwanese petrochemical players. “Hence, we must refine our own petrochemical industry, then only we will have better development and stronger competitiveness.”

Professor Chuh-Yung Chen, the chairman of the Wise Club who initiated the interaction platform towards high-value petrochemical industry, mentioned that Taiwan’s petrochemical industry is currently facing both internal and external problems.

He explained that internal problems were depicted by the closure of Kuo Kuang Petrochemical plant and the country’s fifth naphtha cracker in 2013, as well as shortage of raw materials faced by the industry.
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